WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following statement in response to a New York Time's report that the Office of Management and Budget (OMB) Director and the Consumer Financial Protection Bureau’s (CFPB) acting director Mick Mulvaney “told banking industry executives on Tuesday that they should press lawmakers hard to pursue their agenda, and revealed that, as a congressman, he would meet only with lobbyists if they had contributed to his campaign."

“Deciding who you will meet with based on campaign contributions is the kind of ‘pay to play’ that understandably makes Americans furious with Washington, DC. Mr. Mulvaney should resign, and The White House should quickly nominate a permanent CFPB Director with bipartisan support and a moral compass. Banks and payday lenders already have armies of lobbyists on their sides – they don’t need one more.”